The agricultural fumigants market, in terms of value, is projected to reach around USD 1.74 Billion by 2021, at a CAGR of around 4.6% from 2016 to 2021. The changing farming pratices and concerns toward reducing post-harvest losses are some of the factors driving this market. Furthermore, market players are responding to these new opportunities of increasing crop output by expanding their global presence and product lines.

The agricultural fumigants market is segmented on the basis of type, application, form, and region. The years considered for the study are as follows:

Base year – 2015

Estimated year – 2016

Projected year – 2021

Forecast period – 2016 to 2021

Research Methodology:

Major regions were identified along with countries contributing the maximum share

Secondary research was done to find the number of agricultural fumigants in the region, trends for agricultural fumigants industry, and their contribution

The key players in the market have been identified through secondary research, while their market shares in respective regions have been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players, as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both, quantitative and qualitative) into the agricultural fumigants market.

This was further broken down into several segments and subsegments on the basis of information gathered.

The global agricultural fumigants market has grown exponentially in the last few years. The market size is projected to reach USD 1.74 Billion by 2021, at a CAGR of around 4.67% from 2016 to 2021. Emerging countries such as India, Japan, France, and China are the primary targets of the industry. Increasing demand for agricultural commodities, increasing post-harvest losses, and changing farming pratices and storage technologies are some of the major driving factors for this market.

The agricultural fumigants market based on type is segmented into methyl bromide, phosphine, chloropicrin, metam sodium, 1,3-dichloropropene, and others (including carbon dioxide, aluminum phosphide, magnesium phosphide, propylene oxide, sulfuryl fluoride, and dazomet). Phosphine fumigants accounted for the largest market share and it is projected to grow at the highest CAGR during the forecast period due to the growing demand for agricultural crops that has led to the need for higher crop yield and reducing losses of agricultural commodities in warehouses. Phosphine is an active ingredient that helps in killing the insects in their various phases of development (e.g., larva, pupa, and adult).

The agricultural fumigants market, based on application, is segmented into soil and warehouse. Warehouse accounted for the largest share of this market in 2015. Warehouse application in this market is growing as crop protection is necessary to reduce the losses of stored crops. The warehouse segment is projected to grow at the highest CAGR from 2016 to 2021. Soil fumigation yields good-quality seeds and improves crop performance,y decreasing weed and eliminating parasitic attack by nematodes.

In the form segment, the market is segmented on the basis of gaseous, solid, and liquid. The liquid form accounted for the largest market share in 2015. The gaseous form is projected to grow at the highest CAGR from 2016 to 2021. The importance of gaseous form is increasing as it is the most effective manner to reach insects in stored grains and on crops or soil in their most remote places. Liquid fumigants are used mostly in many regions due to their safe application and usage for bulk grains and agricultural commodities.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Changing farming pratices and storage technology, and awareness toward reducing post-harvest lossesare some of the factors driving this market.

Regulatory changes such as Environmental Protection Laws and changing government policies across diverse geographies are restraints for the agricultural fumigants market players.

The global market is characterized by moderate competition due to the presence of a number of large- and small-scale firms. Collaborations, acquisitions, agreements, and expansions are the key strategies adopted by market players to ensure their growth in the market. Players such as ADAMA Agricultural Solution Ltd. (Israel), BASF SE (Germany), E.I. DuPont De Nemours & Company (U.S.), Syngenta AG (Switzerland), and FMC Corporation (U.S.) collectively accounted for the largest portion of this market in 2015. Other players such as The Dow Chemical Company (U.S.), Reddick fumigants (U.S.), UPL group (India), Degesch America Inc. (U.S.), and Ikeda Kogyo Co. Ltd. (Japan) also have a strong presence in this market.

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